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'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
for more flight delays triggered by the sequester. some of the busiest airports fell behind schedule. faa furloughs went into effect leaving fewer air traffic controllers on the job and we have more from abc's matt gutman. >> reporter: the delays piled up in charlotte. waits up to 75 minutes at baltimore washington and at all three new york airports. >> when you have cuts like this, it's not good. it's one of the very few jobs, i think, that should not have one. >> reporter: the faa didn't mince words, blaming most of the backlog on federal budget cuts. the agency said, the crunch forced it to furlough its air traffic controllers one day every other week. it saves the agency nearly $640 million, but the faa says it could cost travelers 90-minute delays on 6,700 flights every day. and the early numbers show delays at baltimore washington anew york's laguardia, spiking fourfold over last monday. part of that could be weather related. but at other airports like philadelphia, not much change. to see for ourselves, we boarded a flight in miami for orlando. here's the confusing thing. the fligh
about. the faa, the fbi, national institutes of health. the best way that mitch mcconnell and republicans can help us deal with this, is to support our legislation that would replace the sequester in a balanced and targeted way. >> we all hear about budget cuts and maybe some jurisdictions are blame things on the sequester. but just the other night i heard from a former senate staffer, she's a mom, two little girls, about deep cuts which are shutting down right here in the district of columbia, all the musical, music and art teaching in a particular school, a very special school. so are jurisdictions beginning to blame this on the sequester? is this really the sequester kicking in? >> well, look, there's no free lunch at the end of the day. the reality is, we can and should make cuts wherever possible. if there's waste in the budget, it should be eliminated, we should find efficiencies. but as i indicated, two years ago we cut over $1.2 trillion from this whole portion of the budget. that goes to things like head start. that goes to early education. that goes to spe
Search Results 0 to 2 of about 3